Cresco Labs Inc (CRLBF)

[IndustryParticipant]

I wouldn't say that's accurate in the least.

Many of the manufacturers are having trouble keeping up with demand and is why they are ramping up with acquisitions and larger grow facilities.

New markets need to scale up as demand grow and this process takes time. It's nearly synonymous with all producers now.

Licenses in IL were awarded February 2015. We're going on year 5.

Is 5 years enough time to build out facilities that were supposed to be completed as submitted in the application process Sept 2014 by August 2015, which was the 6 months per regulations to become operational?

Conditions of licenses were also to be able to meet demand, which to date, is clearly not the case due to IL shortages which has seen some dispensaries inventories reduced by up to 80-90% in the past 3-4 months.

Despite the above, there is the group that still state "It takes time/they need more time". :) lol.

Sorry. 5 years is more than enough time for one to build what they submitted in Sept 2014 for their Feb 2015 licenses.

But now they're expanding....less than 60 days prior to adult use, after 4 years of not doing so......with people making statements of "It takes time/they need time". lol

Nothing in that program was a surprise;
Low initial patient participation due to physician support
Growth of medical program with expansions immediately following Rauner's exit.
Adult Use bill begun 2 years ago.

But they had more than enough time to expand into other states that represent a fraction of the opportunity for the last 4 years though, didn't they?

I know management of over a dozen dispo's right now who would order $3-5MM combined in product if it was available.

Again, I love Cresco, and have some of the earliest posts in this group. A great play with quite a bit more far into the future, but don't believe the nonsense. They have dropped the ball again and again and it's been painful to watch. Less than 60 days away from a launch of what will be the 2nd largest adult use market in the nation, and with 4 years to prepare the current cultivators can't even supply a 50k purchasing medical market.

There is no defending that lack of performance.